Chris Liss on Nostr: Hope so ...

quoting nevent1q…t9rg

Meet Scott Bessent - The US Treasury Secretary. The man is a literal shark.
🇬🇧 1. Breaking the Bank of England (1992)
Bessent was a senior strategist during Black Wednesday.
Soros placed a $10 billion bet against the pound.
The British government capitulated, and Quantum made over $1 billion in one shot.
Bessent’s role? He built the macro framework—understood the mechanics of the ERM, foresaw the unsustainability of keeping the pound pegged, and greenlit maximum pressure.
This was sharkwork, not guesswork.

🇺🇸 2. The Dot-Com Short (1999–2000)
While Soros was famously hesitant during the tech bubble, Bessent is credited with pushing for short positions in tech stocks and dot-com names before the crash.
He didn’t chase hype—he studied fundamentals and saw through vaporware.
The Quantum Fund dodged the worst of the 2000 crash, partly due to his caution and positioning.

🇷🇺 3. Russian Debt Crisis (1998)
Russia defaulted on its debt and devalued the ruble. Most funds got crushed.
Bessent helped pre-position Quantum out of Russian exposure early, seeing signs of sovereign risk and IMF dependency.
Soros lost money on Russian equities, but the macro book held up because Bessent wasn’t flying blind.

🇯🇵 4. Japan’s Lost Decade Trades
Bessent was obsessed with Japan—he reportedly made money both going short the Nikkei and long Japanese bonds during the deflationary spiral.
He understood early on that zero interest rates and QE would trap the BOJ, and positioned accordingly.
These were slow, grinding, high-conviction trades—the kind only a macro purist could stomach.

🛢️ 5. The Oil Collapse (2014–2015)
This was later in his career, while still at Soros Fund Management.
Bessent saw the US shale boom + Saudi strategy shift and called for lower oil prices, possibly being short crude and oil-sensitive currencies.
He also spotted second-order effects—EM debt exposure, commodity-linked currencies, etc. The guy doesn’t stop at the obvious.

📉 6. CHF Shock / Euro Fragility (2015)
The Swiss National Bank dropped the euro peg and chaos ensued.
Bessent was tracking central bank credibility like a hawk—he saw through the SNB’s posturing.
Word is, he reduced euro-exposure across the board before the SNB pulled the plug. Another dodge. Another calculated escape.

After Soros:
When he left Soros Fund Management in 2015, he launched Key Square Group, managing $5+ billion in outside capital. While Key Square is quieter and more private, the fund is known for:
Currency plays (especially emerging markets)
Sovereign debt, central bank policy mismatches
Stealthy but aggressive macro conviction trades
Global yield curve positioning

TL;DR:
Bessent doesn’t just play “macro” like most funds do now—he lives in the plumbing of global markets.
He sees the ripple before the wave.
He hears the crack in a currency peg before the market does.
He’s not just reading the Fed minutes—he’s already trading the outcomes two central banks ahead.
You want the guy who’s early, surgical, and detached from consensus?
You want Scott Bessent on your team.

Tariffs? Take you kiddie floats off. They are trying to break the PBOC and solidify the USD dollar as the global currency and there are massive hints that they intend to back it with both Gold and Bitcoin.